The official notice came on August 13, 2015, according to the Baoding-based PV manufacturer. Yingli's shares have had an average closing price of less than $1/ADS (American Depositary Shares) and thus have not been complying with NYSE's (New York Stock Exchange) minimum $1 per share regulation. Yingli's shares have been consistently below that threshold for the last weeks.
The company has a six-month "Cure Period" that now follows the receipt of the notice to reach the $1 threshold again. Yingli has to notify the NYSE on its intent to cure its ADS price deficiency within the stipulated time period. So far, Yingli has not released any strategy on how the troubled company will regain ground. Yingli Green is not alone in its stock price woes. The prices of solar stocks have generally been tumbling in the last weeks.
Yingli has also been making headlines with its debt issues and more recently, a lawsuit. Late July, the company was accused of misleading potential investors
and a lawsuit was filed by the claimants.
Popular content
This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com.
Share
By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.
Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.
You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.
Further information on data privacy can be found in our Data Protection Policy.